of the question 10 marks (paper 2) 20 minutes on it Explain the law of diminishing returns using average and marginal product curves Definition Law of diminishing returns refer to how the marginal production of a factor of production starts to progressively decrease as the factor is increased‚ in contrast to the increase that would otherwise be normally expected. Triple A Law of diminishing returns – as more and more of a variable factor is added to a fixed factor‚ output will rise initially
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The law of diminishing returns only applies in the Short Run‚ when only one factor of production is variable and can be increased. The other factors of production are fixed. Thus as the variable factor of production is increased the marginal product of that factor will rise at first‚ but will at some point begin to fall. Returns to scale can only occur when no factors of production are fixed. If the quantities of all of the factors of production are increased‚ then output will also increase. However
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these mark schemes. CIE is publishing the mark schemes for the October/November 2008 question papers for most IGCSE‚ GCE Advanced Level and Advanced Subsidiary Level syllabuses and some Ordinary Level syllabuses. Page 2 Mark Scheme GCE O LEVEL – October/November 2008 Syllabus 5054 Paper 2 Do not accept fractions. No penalty for [ 2 s. f. unless stated or for 1 s. f. where exactly correct. Only one unit and only one fraction penalty per question. Section A 1 (a) 0.5(0)
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Capital structure for Kaynat Manufacting is 50% common stock‚ 15% preferred stock‚ and 35% debt. If the cost of common equity for the firm is 19.6%‚ the cost of preferred stock is 12.9% and the before tax cost of debt is 9.5% what is the weighted average cost of capital? The firm’s tax rate is 35%. Answer: WACC = (50% x 19.6%) + (15% x 12.9%) + ( 35% x 9.5% x 65% = Q2: The following are the information of a company: |Type of capital |Book value (Tk) |Market value (Tk)
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Accounting rate of return The accounting rate of return (ARR) is a way of comparing the profits you expect to make from an investment to the amount you need to invest. The ARR is normally calculated as the average annual profit you expect over the life of an investment project‚ compared with the average amount of capital invested. For example‚ if a project requires an average investment of £100‚000 and is expected to produce an average annual profit of £15‚000‚ the ARR would be 15 per cent. The
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and Edgar Allen Poe‚ William Sydney Porter (known as O Henry) is the most read author in the world and bears the title of « master of the short story ». He has been called many things. Some people have called him the twentieth-century Balzak. Some have called him the American Maupassant because of his so well made surprising endings. The short story is the one fundamental and self-contained genre in American prose fiction‚ and the stories of O. Henry certainly made their appearance in consequence
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A Critical Response to Mike Rose’s “’I Just Wanna Be Average’” In his essay “I Just Wanna Be Average‚” Mike Rose details his school life in South L.A. Now a professor of Education and Information Studies at UCLA‚ Rose moves through secondary school at Our Lady of Mercy on the Voc. Ed. Track‚ revealing why the standardized versions of this “educational system” betray the core values behind liberal‚ humanistic education as we understand it. As Rose wants to stress the value of all individuals‚
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Magnuson 3/10/2013 Sociology Rising Above Imagine you could be born into any family that ever existed! Would you choose your own family? When I think about that question I imagine being born into royalty‚ I can visualize the physical perks that come with royalty such as wealth‚ power‚ and status‚ but it is hard to imagine how I would mentally turn out. After snapping back to reality I realize that I would rather keep my own family‚ and the unique process in which I have learned the norms‚ values‚
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C H EM 301A - O rganic Chem istry L ecture N otes © Dr. Peter de Lijser‚ 2011 Introduction – Welcome to O-chem! “What is Organic Chemistry?” Organic chemistry is the chemistry of Carbon. “Why is Organic Chemistry Important for me?” Organic Chemistry is the central science for many other fields: • Medicine/Pharmacy: • Biochemistry: • Industrial Applications: • Reaction Mechanisms: What do "Organic Chemists" do? • Discover new reactions • Improve old reactions
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Effect of Artificial Sweeteners on Average Metabolic Rate of Goldfish (Carassius Auratus) Introduction Artificial Sweeteners are sweeter than natural sugar‚ replace sugar if someone wants to eat less sugar and have been proven to be safe and even are a healthier option. But also as opposed to natural sugar‚ the energy that artificial sweeteners give a person is less. This is why it will be interesting to study the effect on metabolic rate of goldfish when in fish water that contains artificial sweetener
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